European Parliament Library

Mexico :, Selected Issues

This Selected Issues paper analyzes reforms to Mexico’s fiscal framework. Mexico’s resilient economic performance would be consolidated by increasing fiscal policy buffers and preparing for challenges associated with long-term budget pressures. In the short term, reducing public debt levels can create space to implement countercyclical fiscal policies and reduce exposure to high financing and hedging costs, which would protect Mexico’s credit rating at times of distress. The paper highlights that recent fiscal reform is designed with these policy objectives in mind, to build on the strengths of the previous fiscal framework
Table Of Contents
Cover; CONTENTS; MEXICO-REFORMS TO THE FISCAL FRAMEWORK; A. Background; B. The Reforms; FIGURE; Alternate Fiscal Rule Simulations; C. Concluding Remarks; References; APPENDICES; I. Stochastic Simulation Methodology; II. Additional Fiscal Rules; APPENDIX FIGURE; Alternate Fiscal Rule Simulations; III. Statement of Operations of Non-Financial Public Sector; APPENDIX TABLE; Statement of Operations of Non-Financial Public Sector; TOWARDS A STRUCTURAL FISCAL BALANCE MEASURE FOR MEXICO; A. Computing the Structural Balance; TABLES; 1. Estimation of Revenue and Spending Elasticities; B. Results
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (50 p.)
Specific Material Designation
Form Of Item

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